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If the creditor tells you that you would have a zero balance if you give the car back how will this look on your credit when purchasing another car?
Wiki User
∙ 8y ago
It will look MUCH better IF you can get the lender to put the"ZERO BALANCE" part IN WRITING before you give up the car.
Wiki User
∙ 8y ago
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What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
Sundry creditors shows?
sundry creditor shows credit balance
What is creditor account with debit balances?
A creditor is an entity that a company owes money to, such as debt to a bank or bondholders. If a creditor has a debit balance, it means that your company paid more than they owed. If there was a credit balance, you would owe money on that account.
When does a debtors account have a credit balance?
goods in transit a debtor(customer) could also be a supplier(creditor)
What does chase balance transfer stand for?
A balance transfer is the transfer of balance in an account or a credit card to another account.It also refers to transfer of outstanding balance from one credit card to another credit card.
What is a balance transfer?
A balance transfer is when you have money in one bank and transfer that money to another bank. It is also when you have a balance on one credit card and transfer the balance to another credit card.
Why is the same creditor on my credit report twice?
Is it for the same account or do you have another account with them?
What is the journal entry for purchasing goods on credit?
Purchase a/c Dr Input vat a/c Dr To Party a/c (Being goods purchased on credit from supplier/creditor.)
If a creditor reports an upaid bill on your credit then sells the account to another creditor can they report the same unpaid bill on your credit?
Yes, they can. But, usually it can be removed by the credit bureau once its proven to be a duplicate entry of the same debt.
How do you find garnishment balance?
You can find your garnishment balance by contacting the court who issued the garnishment or the creditor who put the garnishment on your wages. You could also pull a credit report to see your current balance.
Can you pay your credit card bill by another credit card?
Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.
Can a secured credit card raise your credit score?
Yes it can. A secured credit card is for people who is trying to rebuild their credit or has been denied credit in the past. Most of the time a secure credit card is money that you set aside to give to the creditor as collateral which is $300. Then once approve which is most of the time, the creditor will give you a secured credit card in which you try to use it and pay either the minimum due or the entire balance. If you do not pay any balance, the company that has your collateral will keep the $300.
